Sun Acquisitions is pleased to announce the successful acquisition of an experienced sheet metal fabrication and machining company based in the Greater Chicago area.
This family-owned metal fabrication business, founded over 15 years ago, specializes in precision sheet metal fabrication and machining to laser cut, punch, form weld, and finish customized parts. They primarily serve customers in the Chicago area within the following industries: packaging, security, telecommunications, vending, gaming and military. They are equipped with an experienced team and the engineering and prototyping capabilities to serve any needs of a customer.
This company presents major growth opportunities for the new ownership to continue to grow the business. These opportunities include: geographical expansion outside of the Chicago area, implementation of marketing strategies and a sales team, and the expansion of machining services offered to their current loyal customer base.
Through the confidential marketing of the business, Sun Acquisitions generated over 50 interested buyers which led to two final offers to purchase Mac Ster, Inc. from its previous ownership. The business was acquired by a strategic buyer, Inno-Tech LLC, to complement their current operation.
Toby Davis, Senior Advisor with Sun Acquisitions, was the lead advisor and managed all aspects of this client engagement. Toby has over 35 years of experience in originating, structuring and negotiating business purchase and sale transactions.
After the sale of the business, Toby Davis, stated, “Mac Ster has a long and proud history of sheet metal fabrication and has served a variety of customers over the years with high quality and on-time work. Andrew Sternal, the owner, always operated his company profitability and the high level of buyer interest is a testament to his business acumen and attention to detail with his customers.”
About Sun Acquisitions:
Sun Acquisitions is a Chicago based mergers and acquisitions firm. We work with clients that are interested in the confidential sale, acquisition or valuation of privately held companies. Our professionals have significant deal experience and knowledge to thoroughly guide clients through each stage of the sale or acquisition process. Sun Acquisitions has successfully managed and handled over 400 transactions across all industries and is recognized as a leading M&A advisory firm in the Midwest.
If you are interested in buying or selling a business, contact us at [email protected] to schedule a free consultation with our team.